SGX Market Updates

Small Cap Index’s 5 Best-Performing Constituents Returned 69% in YTD


PUBLISHED ON |

16 December 2019

  • The FTSE ST Small Cap Index’s 49 constituents – comprising 19 REITs and 30 companies – have a combined market cap of about S$40 billion. REITs in the Index carry a weighting of approximately 69.2%, with companies accounting for the remaining 30.8%.

  • In the 2019 YTD, the Small Cap Index has generated a total return of 13.3%, compared with total returns of 8.9% and 10.5% for the benchmark STI and broader FTSE ST All-Share Index respectively.

  • In the YTD, the 5 best performers of the Small Cap Index were: UMS (+84.4%), Hi-P (+83.6%), Indofood Agri Resources (+71.7%), Sasseur REIT (+53.2%) and Ascendas Hospitality Trust (+50.0%). These five constituents have averaged a YTD total return of +68.6%.




The FTSE ST Small Cap Index is a free float-adjusted, market capitalisation-weighted index, representing the performance of small-cap companies that pass size, free float and liquidity screens and trade on SGX Mainboard.

The Index’s 49 constituents – comprising 19 Real Estate Investment Trusts (REITs) and 30 companies – have a combined market cap of about S$40 billion, ranging from S$152 million to nearly S$3 billion. REITs in the Index carry a weighting of approximately 69.2%, with companies accounting for the remaining 30.8%.

In the 2019 year-to-date, the FTSE ST Small Cap Index has generated a total return of 13.3%, compared with total returns of 8.9% and 10.5% for the benchmark Straits Times Index (STI) and broader FTSE ST All-Share Index respectively.



SGX Small Cap Index 2019 YTD total returns

Source: Bloomberg (data as of 13 Dec 2019)



In the YTD, the 5 best performers in the FTSE ST Small Cap Index were: UMS Holdings (+84.4%), Hi-P International (+83.6%), Indofood Agri Resources (+71.7%), Sasseur REIT (+53.2%) and Ascendas Hospitality Trust (+50.0%).

These 5 constituents – with a combined market cap of nearly S$5 billion – have averaged a YTD total return of +68.6%, bringing their three-year total returns to +92.1%. Note that Sasseur REIT does not have a three-year return as it was listed only in March 2018.

The table below details the 10 best-performing constituents of the FTSE ST Small Cap Index, sorted by YTD total returns.

Name SGX
Code
Market Cap
(S$)
Total
Return
YTD
%
Total
Return
3 Yr
%
UMS HOLDINGS 558 533,747,776 84.4 143.8
HI-P INTL H17 1,240,415,744 83.6 267.6
INDOFOOD AGRI RESOURCES 5JS 453,668,960 71.7 -38.8
SASSEUR REIT CRPU 1,088,809,728 53.2 NA
ASCENDAS HOSPITALITY TRUST Q1P 1,286,626,176 50.0 88.0
ASCENDAS INDIA TRUST CY6U 1,760,633,856 49.2 71.3
CITIC ENVIROTECH CEE 1,314,004,352 44.9 -9.4
QAF LTD Q01 454,462,080 44.7 -31.2
ACCORDIA GOLF TRUST ADQU 747,402,944 44.1 33.1
ASIAN PAY TV TRUST S7OU 248,962,576 42.7 -45.0
Average 56.9 47.9

Source: Bloomberg & StockFacts (data as of 13 Dec 2019)



In the YTD, the 5 least-performing stocks of the FTSE ST Small Cap Index were: Breadtalk Group (-22.9%), Japfa Ltd (-17.5%), Duty Free International (-16.0%), China Sunsine Chemical (-15.1%) and Ying Li International (-12.9%). They averaged a total return of -16.9% over the period.







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